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Yuval Shram Of Tay Investments Secures $35.75M Refinance Loan Through Berkadia For 829 Garfield Avenue

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FINANCED
$35,750,000
Brad Williamson
Mitch Sinberg
+ 3

New Jersey

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MultiFamily160,000 SF
Financed 04/02/2025
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FINANCED

Yuval Shram Of Tay Investments Secures $35.75M Refinance Loan Through Berkadia For 829 Garfield Avenue

829 Garfield Avenue

See Similar Deals
MultiFamily160,000 SF
Financed 04/02/2025
Brad Williamson
Mitch Sinberg
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$223
Total Square Footage:160,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 829 Garfield Avenue in Jersey City, comprising 110 units. The transaction is a refinance with a loan amount of $35,750,000, secured through berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>Berkadia with Fannie Mae. The loan features fixed-rate terms for a five-year duration.

Summary of transaction details:

The deal is supported by a team of brokers representing it, including Mitch Sinberg, Michael Basinski, Scott Wadler, Brad Williamson, Matt Robbins, and Matt Jackson, all affiliated with berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>Berkadia. Their involvement signifies a coordinated effort to navigate the refinancing process effectively for the landlord, Yuval Shram of Tay Investments.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Michael (Thomas) Basinski
Berkadia
40 deals$3.7B volume
BROKER

Matt Jackson
Greenspring Realty Partners
3 deals$75.4M volume(443) 608-4596
BROKER

Berkadia
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Michael Basinski, Yuval Shram, Scott Wadler, Brad Williamson, Matt Robbins & Matt Jackson DATE: 04/02/2025 ADDRESS: 829 Garfield Avenue MARKET: Jersey City ASSET TYPE: Multifamily ~ UNITS: 110 LENDER: Berkadia - Fannie Mae (@OfficialFannieMae) LANDLORD: Yuval Shram - Tay Investments BROKERS: Mitch Sinberg (@MitchSinberg), Michael Basinski (@MichaelThomasBasinski), Scott Wadler, Brad Williamson, Matt Robbins & Matt Jackson - Berkadia (@Berkadia) LOAN AMOUNT: $35,750,000 LOAN TYPE: Refinance LOAN TERMS: Fixed-rate, five year term

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,750,000.00

Monthly NOI$238,333.33
Monthly Debt Service$225,964.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00